HyperCrypt0

[HyperCrypt0 @Hypercrypt0]

Moral of the story: as much as you plan, things always happen. Always keep your crypto either in a non-custodial wallet, across several cenrltralized wallets/exchanges or in a hardware wallet.

[HyperCrypt0 @Hypercrypt0]

I have a reasonable amount of crypto on both @CelsiusNetwork and @investvoyager that is now indefinitely locked up. Extreme HODL mode has been on for over 2 months and I'm not even mad.

[HyperCrypt0 @Hypercrypt0]

Got some sub 1k ETH before the shut down withdrawals and deposits.

[HyperCrypt0 @Hypercrypt0]

@zscuffed Gm

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @the_tsooku @nameandmark @RyanSAdams There are quite literally huge banks and companies buying and offering crypto services to their clients. Stop acting like crypto is some kind of niche crazy person community dude. What do you have against crypto folks?

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @the_tsooku @nameandmark @RyanSAdams Why do you keep saying you guys. The cryptocurrency community is huge and you can find anyone from any walk of life in crypto. Don't make generalized statements, it doesn't make sense.

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @the_tsooku @nameandmark @RyanSAdams Let's take the Ethereum blockchain as an example. Any ERC-20 token community realizes their reliance on the ETH. Most projects generally understand that their success is based on people using their protocol but also the ETH blockchain. Nobody really thinks the way you're saying.

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @the_tsooku @nameandmark @RyanSAdams For the most part these are failures of centralized services or faulty protocols. The tech is still sound. Crypto is a tool, tools can be used improperly.

[Peter McCormack 🏴‍☠️🇬🇧🇮🇪 @PeterMcCormack]

1/ This kind of advice across all of crypto is generally bad and risky. Let's look at the risks:
1. Banks > currency debasement, incoming CBDCs, surveillance, frozen funds, lack of sovereignty.
2. Crypto > volatility, technical learning curve, rug pulls, smart contract failures

[HyperCrypt0 @Hypercrypt0]

@gOSASydney @nameandmark @RyanSAdams You can believe in the future of crypto and also believe cash is king for the moment.

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @nameandmark @RyanSAdams Greedy people love anything that can make them money. As a new asset class, digital assets are extremely volatile, as more people accept it, crypto will become more stable.

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @nameandmark @RyanSAdams No progress doesn't mean the ideal situation isn't the best decision.

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @nameandmark @RyanSAdams Interesting. Maybe they wanted to destroy future competition?

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @nameandmark @RyanSAdams Ideally crypto is trustless and decentralized. Once we get there, it will continue to look and act like the current financial system.

[HyperCrypt0 @Hypercrypt0]

@dylanhendricks @nameandmark @RyanSAdams Going bankless is a figure of speech. Going bankless means owning your only funds. Banks do not act in the best interest of their customers. They act in the best interest of themselves and their rich friends. Please Google "2008 Financial Crash".

[HyperCrypt0 @Hypercrypt0]

.@bankless @banklessDAO @RyanSAdams @TrustlessState Go Bankless.

[Peter McCormack 🏴‍☠️🇬🇧🇮🇪 @PeterMcCormack]

1/ This kind of advice across all of crypto is generally bad and risky. Let's look at the risks:
1. Banks > currency debasement, incoming CBDCs, surveillance, frozen funds, lack of sovereignty.
2. Crypto > volatility, technical learning curve, rug pulls, smart contract failures

[HyperCrypt0 @Hypercrypt0]

@PeterMcCormack Let me continue. I don't actually mean go backless. Until crypto becomes a viable alternative to the current financial system, I would never actually encourage someone to go backless. The point is you should own your own funds. That's it. "Go Bankless" is just a figure of speech.

[HyperCrypt0 @Hypercrypt0]

@PeterMcCormack I'm not a Bitcoin Maxi and I generally believe a lot or crypto might fail. However, the decentralized and trustless nature of crypto makes it extremely important to consider the risks of both DeFi and banks and consider which one you are more willing to take.

[HyperCrypt0 @Hypercrypt0]

@StayingPoor @nameandmark @RyanSAdams Thank you sir for your opinion. Although I admit many cryptocurrencies will fail, blockchain and decentralized finance is here to stay.